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Developer Taraf has announced the appointment of Pinnacle International Piling Foundations as the enabling contractor for the KARL LAGERFELD Villas project. The villas are set to be located in Meydan in Mohammed Bin Rashid City.

Dubai’s thriving luxury real estate market provides the perfect backdrop for this project. The KARL LAGERFELD Villas project aims to meet the growing demand for ultra-premium residences. The Mohammed Bin Rashid City area has become a magnet for investors due to its prime location, high rental returns, freehold ownership opportunities, and infrastructure developments, said a statement from Taraf.

Mohamed Eldahan, CEO of Taraf, commented, “We are proud to collaborate with a globally respected partner who shares our vision to redefine luxury living. Our partnership with Pinnacle International marks a pivotal milestone in turning the Karl Lagerfeld Villas into reality. These villas are more than a residence; they embody elegance, creativity, and architectural integrity, infused with the legacy and unmistakable signature of Karl Lagerfeld. This development reflects our unwavering commitment to excellence, while reinforcing Dubai’s global stature as a premier destination for luxury living and investment.”

Rahul Sai, Geotechnical Director of Pinnacle International added, “We’re excited to bring our expertise to such a visionary project. Meydan’s landscape demands precision and innovation, qualities that align perfectly with Pinnacle’s approach to delivering resilient foundations.”

The KARL LAGERFELD Villas project comprises 51 luxury five-to-seven bedroom villas, with high-end interiors, private gardens, and clubhouse access. The villas will offer views of Downtown Dubai and the Crystal Lagoon and completion is expected to be in Q4 2027.

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Oia Properties has opened a new office in Saadiyat, Abu Dhabi. The expansion marks the company’s second location in the capital and its fourth in the UAE. Oia Properties has been a driving force in the real estate industry since its inception in 2021, and its success is evident in its growing team, which now exceeds 250, said the firm.

The company’s commitment is to provide clients with local insight and expertise in Abu Dhabi, particularly in Saadiyat. Saadiyat, Abu Dhabi’s sought-after residential district, continues to attract significant foreign investment, the company explained.

Oia Properties’ new office at Soho Square, Saadiyat, will enable its global client service by providing in-depth knowledge of the local real estate market, particularly in Saadiyat. Saadiyat has emerged as a hub for Foreign Direct Investment (FDI) this year, with its growth projected to reach as much as 125% year-on-year, as reported recently. This growth is fueled by ongoing new developments, such as Al Fahid Island, and exciting cultural and leisure announcements, including the highly anticipated Disneyland, a statement from Oia Properties outlined.

“Our new office in Saadiyat will enhance our ability to connect clients with the best investment opportunities in this proven and highly popular area,” said Riyad Magdy, Founder, at Oia Properties. “Saadiyat is not just a beautiful location, it represents a unique blend of luxury living, culture, and investment potential. We have been encouraged about the sharp rise in foreign and local investment into Abu Dhabi’s real estate market over the past 12 months, which illustrates growing global trust in the capital’s real estate policies, including Golden Visas, guaranteed ownership rights and regulatory transparency.”

Saadiyat, known for its unique blend of luxury living and cultural richness, remains an attractive destination for investors seeking to capitalise on Abu Dhabi’s growth. The ongoing and planned projects across mainstream and off-plan markets are fueled by  demand, attracting both end users and investors. As part of its commitment to client success, the Oia Properties team has compiled a list of the top ten off-plan investment opportunities in Saadiyat, which are currently generating significant attention, the statement concluded.

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CVC, a global private markets manager, and Tabreed have partnered to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group. The transaction, valued at US $1.035bn, includes three long-term concessions in the Abu Dhabi main island area and five on Al Reem Island. These actions are serviced by five existing, sustainable district cooling plants and associated networks in Abu Dhabi, with a combined capacity of 182,000 refrigeration tons (RT) as of December 2024.

The deal was signed during a ceremony at Multiply’s Abu Dhabi headquarters by Samia Bouazza, Group CEO and Managing Director of Multiply Group, Khalid Al Marzooqi, Chief Executive Officer of Tabreed and Özgür Önder, Head of CVC Middle East, in the presence of Tabreed’s Chairman, Dr Bakheet Al Katheeri.

An additional plant is currently under construction, and three more are in the planning phase. Together, these nine plants and eight concessions are expected to represent 600,000RT. CVC DIF’s investment focus and experience spans key sectors including energy transition, digital infrastructure, utilities and transport, areas that are critical to Tabreed’s strategic vision. Its expertise and investment approach makes CVC DIF an ideal partner for a transformative project of this scale, said a statement.

“Tabreed is always looking to the future and ensuring we remain agile. The acquisition of PAL Cooling with CVC DIF aligns perfectly with our strategic objectives and readiness to adapt to Abu Dhabi’s ambitious real estate projects. This year has been historic for Tabreed, with ventures like our Palm Jebel Ali JV and continued growth in Abu Dhabi. These steps position us to meet the UAE’s rising demand for sustainable cooling, driven by population growth and decarbonisation targets,” said Dr Bakheet.

Gijs Voskuyl, Managing Partner at CVC DIF added, “PAL Cooling services its clients under long-term, concession-based contracts, in a fast-growing urban environment. The company has a strong track record of developing and constructing high-quality and electrified district cooling plants to deliver reliable, energy-efficient cooling solutions. Building on CVC DIF’s long-term track record in the sector, we are delighted to partner with Tabreed, a leading district cooling company in the Middle East. Together with our partners, we are convinced that PAL Cooling is a high-quality investment that will provide our investors with solid returns, while offering the potential for long-term growth and sustainable value creation.”

Önder noted, “Our partnership with Tabreed, a regional leader with deep industry expertise, aligns perfectly with CVC’s commitment to investing in the UAE, backing mission-critical businesses that support sustainable development across the country.”

Al Marzooqi added, “This is turning out to be a truly pivotal year for Tabreed. As we enter a new phase of growth in Abu Dhabi alongside partners, CVC DIF, the benefits brought by this acquisition will be substantial. As part of Tabreed’s portfolio, these additional plants will be operated and maintained by the world’s leading experts in sustainable cooling. The acquisition also serves to strengthen our already investment-grade status with safe, long-term concession agreements and assured future growth, evidenced by current and planned developments on Reem Island.”

Bouazza commented, “The monetisation of PAL Cooling Holding is a deliberate step in our portfolio optimisation strategy, aimed at delivering superior returns to our shareholders. It reflects our ability to realise significant value from our assets, while enhancing liquidity to fuel Multiply Group’s next phase of growth – both across our core verticals and on the global stage.”

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Madar Developments has unveiled its latest residential development, Tulip Oasis X Residences, in Majan, Dubai. The 127-unit property has a Gross Development Value (GDV) of US $54.45mn and marks the tenth edition in the Tulip Oasis collection within Madar Developments’ portfolio.

The developer said it has delivered nine Tulip Oasis residential properties, generating a gross development value of over $272.26mn. Several of these properties were sold out within weeks of their launch. The brand has played an important role in shaping Majan’s residential landscape, contributing to a significant 20-30% increase in property values across the district, the firm outlined.

Tulip Oasis projects were previously completed in Dubai Silicon Oasis, Al Furjan, and Dubailand. This consistent and location focused approach, driven by demand and backed by in-house delivery capabilities, has been instrumental for the brand. Tulip Oasis X Residences, scheduled for completion by Q2 2026, will deliver personalised style, thoughtfully curated apartments. These units will capture modern luxury with practicality, the developer explained.

Madar Developments said the project has been designed for UAE residents and families seeking an active community lifestyle with elegant living experiences, and can choose from 79 one-bedroom and 48 two-bedroom apartments. Each unit has been designed to maximise space, while the interiors blend functionality and comfort.

“This project builds on the success of our previous developments and reflects what Madar Developments is known for trust and reliability, thoughtful design, and homes that balance function with a sense of understated quality. Over the years, our developments have earned the trust of residents and investors alike, and Tulip Oasis X Residences is a testament of our legacy,” says Eliyas Faddul, Director at Madar Developments.

Each unit boasts Armani silver tiles, brushed graphite fittings, dark oak wood accents, and slate Pietra countertops. The amenities include a temperature-controlled swimming pool with sunken seating, a sauna, a plunge pool, a fully equipped fitness center, bicycle parking, and entrance lobby. Tulip Oasis X Residences offers views of Dubai’s skyline, making it a location for families and professionals alike, the statement concluded.

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Shamal has awarded the main works contract worth over US $272mn for its Dubai Harbour Residences project to Khansaheb Civil Engineering. The developer, Dubai Harbour Residences, describes the project as offering low-rise beachfront living with designed homes, sea and skyline views, and a lifestyle that offers comfort, connection, and modern elegance.

Foundation works have already been completed, and the beachfront has been formed, ensuring that Dubai Harbour Residences will have direct and easy access to a beachfront lifestyle. The next development phase with Khansaheb will commence immediately, with collaboration with the project’s development partner, H&H, and internationally renowned architect Nikken Sekkei, said a statement.

“At Shamal we are committed to shaping the future of urban living through long-term investments that redefine how people engage with the city. The commencement of main works at Dubai Harbour Residences marks a significant milestone in our journey to create new vibrant communities and world-class destinations. By appointing Khansaheb, a world-class partner with a proven track record of delivering some of Dubai’s most iconic developments, we are ensuring that Dubai Harbour Residences is delivered with uncompromising quality and precision, reinforcing our vision for a vibrant, sophisticated beachfront community that stands the test of time,” said its CEO Abdulla Binhabtoor.

On the contract win, Chairman Tariq Khansaheb remarked, “We are proud to partner with Shamal on this visionary project to bring to life beachfront living like never before, that reflects a shared commitment to excellence and innovation. Our team is committed to delivering Dubai Harbour Residences to the highest standards, ensuring quality, precision and craftsmanship at every stage. Together with Shamal, we aim to bring to life a landmark destination, a sophisticated and timeless beachfront and maritime lifestyle that will shape the future of living for generations to come.”

“The appointment of Khansaheb as the main works contractor marks a step forward in the development of the iconic Dubai Harbour Residences. This reflects steady progress on the project as it moves from planning to full-scale construction, bringing us closer to delivering a distinctive residential offering that combines elegant architecture with refined beachfront living,” commented Miltos Bossinis, Chief Executive Officer of H&H.

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The construction equipment industry’s leading lights gathered at the Ritz-Carlton JBR last night for the fourth annual Construction Machinery Middle East Awards, as the sector’s top innovators, rental partners, and manufacturers were honoured for their achievements over the past 12 months.

Hosted by CMME magazine and CPI Trade Media, the sold-out gala brought together more than 200 senior professionals from across the region’s construction, infrastructure, and heavy machinery sectors. With over 140 nominations submitted across more than 30 categories, the 2025 edition marked the biggest and most competitive CMME Awards yet.

Speaking during the opening address, Stephen White, Head of Content at Construction Machinery ME, said the awards served as a critical platform for recognising the region’s ongoing transformation.

“This industry continues to prove it’s not just keeping pace — it’s setting the pace. Behind every innovation and successful project are the people, teams, and companies driving real progress in how the Middle East builds. Tonight is about them.”

Highlights from the evening included multiple wins for established industry names JLG Industries, Johnson Arabia, and Al Marwan Machinery, with joint awards issued in several categories to reflect the depth of competition.

And there was also success for newer innovators in the market such as Sinoboom, winner of the Newcomer of the Year award, and SpiderPlus which was recognised for its technological prowess.

In the Rental categories, Dayim Equipment Rental was named Access Rental Company of the Year, while Al Marwan Machinery took home the Heavy and Medium Rental Company of the Year award. Johnson Arabia, meanwhile, earned two major honours — Lifting Champion of the Year and Safety Champion of the Year — for its standout performance in high-stakes lift planning and safety culture.

Innovation was front and centre, with Dingli receiving the Manufacturer Innovation of the Year award for its AWP Innovation Programme, and Al Marwan Machinery and MYCRANE jointly recognised for Local Innovation of the Year. Judges praised the former’s amphibious excavators, engineered in the UAE, and the latter’s digital crane rental platform — both described as “regionally rooted and globally relevant.”

In the machinery categories, Volvo’s A40 Articulated Hauler and DEVELON’s DX1000LC-7 Crawler Excavator shared Earth Moving Machinery of the Year, while Komatsu’s D155-6R Bulldozer won Bulldozer of the Year. The title of Outstanding Manufacturer of the Year went to Bobcat, recognised for its commitment to electrification, local adaptation, and aftermarket support.

The evening also saw a growing emphasis on sustainability and electric equipment. Dingli’s BA44ERT won Electric Access Machine of the Year as the tallest electric articulated boom lift in the world, while the Electric Machinery of the Year award was jointly given to Hangcha’s 48T Lithium Battery Forklift and SpiderPlus’ Multi-Loader platforms.

One of the most anticipated moments of the night was the announcement of the Special Contribution Award, which went to Al Shirawi Enterprises Group. The company was commended for its successful internal paperless transformation strategy, which has reduced its carbon footprint while boosting efficiency and employee engagement.

Other winners included:

• Putzmeister’s BSF 42 HLS for Concrete Pump of the Year

• Liebherr’s HTM 1304 Mixer for Concrete Mixer of the Year

• Tadano’s GR-1000EX-4 for Rough Terrain Crane of the Year

• JCB’s 540-170 for Telehandler of the Year

• Toyota’s BT Vector 1.5t for Material Handling Machine of the Year – Logistics

• Manitou’s MX50-4 for Material Handling Machine of the Year – Construction/Heavy

As the region enters a new phase of megaprojects, sustainability initiatives, and digital transformation, the CMME Awards have solidified their role as a touchstone for excellence and forward-thinking leadership in the heavy machinery and equipment ecosystem.

The Construction Machinery Middle East (CMME) Awards 2025 are supported by:

GOLD SPONSOR
JLG

SILVER SPONSOR
Al Marwan Machinery

SILVER SPONSOR
ZF

SUPPORT SPONSOR
Dingli

SUPPORT SPONSOR
Johnson Arabia

SUPPORT SPONSOR
Kanoo Cranes

ENDOSRED BY
Heavy Equipment and Truck Show

Winners list

Road Making Machinery of the Year
SD2500C Paver, Dynapac

Access Machinery of the Year
EC450AJ Compact Electric Articulated Boom Lift – JLG Industries

All Terrain Crane of the Year
GMK6450-1 – Grove

Tower Crane of the Year
J638PA Tower Crane – Jaso
MCT2205 Tower Crane – Potain

Lifting Champion of the Year
Johnson Arabia

After Sales Initiative of the Year
German Gulf Enterprises

Compact Machine of the Year
Power Tower CS – JLG

Newcomer of the Year
Sinoboom

Innovation of the Year – Manufacturers
AWP Innovation Programme – Dingli

Innovation (Local) of the Year
Al Marwan Machinery (Joint Winner)
MYCRANE (Joint Winner)

Equipment Rental Company of the Year – Access Machines
Dayim Equipment Rental

Safety Champion of the Year
Johnson Arabia

Equipment Rental Company of the Year – Heavy and Medium
Al Marwan Machinery

Bulldozer of the Year
D155-6R Bulldozer, Komatsu

Electric Access Machine of the Year
BA44ERT Electric Articulated Boom Lift – Dingli

Electric Material Handling Machine of the Year
48T Lithium Battery Forklift – Hangcha

Electric Machinery of the Year
Multi-Loader – Spiderplus

Material Handling Machine of the Year (For construction/heavy ops)
MX50-4 4×4 Rough Terrain Forklift – Manitou

Material Handling Machine of the Year (Logistics)
BT Vector 1.5t with Articulated Steering – Toyota Material Handling

Concrete Pump of the Year
BSF 42 HLS Concrete Pump – PUTZMEISTER

Concrete Mixer of the Year
HTM 1304 Mixer – LIEBHERR

Skid Steer of the Year
S450 Skid Steer Loader – Bobcat

Earth Moving Machinery of the Year
A40 Articulated Hauler – Volvo CE
DX1000LC-7 Crawler Excavat

Excavator of the Year
CX220C LC HD Excavator – CASE Construction
EC210 Excavator – Volvo CE

Mining Machine of the Year
HX800UL Ultra Large Excavator – HD Hyundai

Rough Terrain Crane of the Year
GR-1000EX-4 Rough Terrain Crane – Tadano

Telehandler (Construction) of the Year
JCB 540-170 Telehandler – JCB

Distributor of the Year (UAE)
Al Shirawi Enterprises Group

Distributor of the Year – GCC
FAMCO (Al-Futtaim Auto & Machinery Company)

Outstanding Manufacturer of the Year
Bobcat Company

Special Contribution Award
Al Shirawi Enterprises – Sustainability Programme

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Saudi Global Ports Group (SGP) has announced that its subsidiary – Modern Port Services Company (MPS) – has been awarded four 20-year concession agreements by the Saudi Ports Authority (Mawani) to operate multipurpose terminals along Saudi Arabia’s Eastern Coast. The terminals will be located at King Abdulaziz Port Dammam (KAPD), Jubail Commercial Port (JCP), King Fahad Industrial Port Jubail (KFIP), and Ras Al Khair Port (RAK).

SGP currently operates container terminals at KAPD and manages the rail intermodal Riyadh Dry Port Ecosystem, which includes the Riyadh Dry Port, Riyadh Empty Yard, and Dammam Empty Container Yard. Additionally, SGP is actively involved in developing the Dammam Integrated Logistics Zone. In 2024, SGP handled over four million TEUs across its seaports and inland terminals, solidifying its position as a leading player in the industry. In response to these deals, SGP plans to invest over US $187mn in the upgradation of these terminals and the purchase of new equipment, said a statement.

Abdullah Al Zamil, Chairman of the Board, and Vice Chairman Bakr AlMuhanna added, “SGP, as one of the national champions for ports and logistics in Saudi Arabia, is proud to be entrusted with this opportunity to nurture and grow the four multipurpose terminals along the Eastern Coast of Saudi Arabia. We will strive to provide the same reliability, integration and spirit of innovation at the multipurpose terminals as we have done so for the container terminals at KAPD, the Riyadh Dry Port Ecosystem and DILZ. We are grateful to Mawani for entrusting SGP with these concessions. The agreement between SGP and Mawani was pivotal in driving economic diversification under Saudi Arabia’s Vision 2030. By integrating and modernising key terminals, SGP, together with its technical partner, PSA International, brings their expertise to enhance supply chain efficiency, support critical mega projects, and strengthen the Kingdom’s position as a global logistics hub.”

The concession agreements were signed by Saudi Global Ports Group CEO Rob Harrison and the Acting President of Mawani Mazen bin Ahmed Al Turki, in the presence of Minister of Transport and Logistics Services Saleh Al Jasser, the Chairman of Board of Saudi Global Ports Eng. Abdullah Al Zamil and Vice Chairman Bakr AlMuhanna.

“SGP is committed to fostering innovation, sustainability, and local talent development to unlock long-term value in developing a transformative ports and logistics sector and in building a resilient, future-ready economy,” said Regional CEO Europe & Mediterranean and Middle East South Asia, PSA International, Vincent Ng. “We are proud to be alongside Saudi Arabia’s growth journey for over 10 years. We are excited to continue to work alongside PIF, Mawani and other stakeholders in the Kingdom, supporting SGP with our global expertise and network as it expands its ecosystem to include capabilities that can bring new and differentiated value to the Kingdom’s ports and logistics sector,” he added.

SGP with the support of its technical partner PSA International will continue its commitment to the professional development of its workforce in Saudi Arabia. They will tailor training programs for the existing and new workforce at all the terminals.

Saudi General Petroleum aims to integrate its four multipurpose terminals with its existing operations across Dammam and Riyadh. This integration will transform the terminals into more efficient and resilient gateways, supporting the robust growth in the Kingdom. These gateways will be crucial for the ongoing and upcoming mega projects in the country. The training program aims to equip participants with best practices in safety, operations, and sustainability, drawing from PSA International’s successful experiences in developing multipurpose terminals globally.

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SSH has announced its appointment as the Lead Design Consultant for the new Radisson RED branded hotel on Marjan Island in Ras Al Khaimah (RAK), United Arab Emirates.

The 269-room lifestyle hotel will mark a significant milestone for the Radisson RED brand in the region, and will introduce a new hospitality experience to one of the UAE’s growing tourist destinations. Stirling Hospitality Advisors, a boutique advisory firm, are acting as owner representatives on behalf of BB Holding. They are managing the collaboration between stakeholders and overseeing the successful delivery of the hotel, said the statement.

“The project represents an exciting evolution of the Radisson RED brand in the region, and SSH is thrilled to bring our design expertise to a destination with such potential. The hotel’s creative brief allows us to explore bold, innovative design solutions that deliver a guest experience aligned with the future of hospitality,” said Michael Byron, Managing Director at SSH, UAE.

“We are excited to collaborate with BB Holding, Radisson, and SSH International Consultants on this exceptional lifestyle project. This venture will set a new benchmark for design and guest experiences in Ras Al Khaimah, and we are proud to be part of bringing this vision to life,” added Tatiana Veller, Managing Director of Stirling Hospitality Advisors.

Located on Marjan Island, the hotel will be situated within a district that blends retail, dining, and leisure experiences, and will boast a mall and a signature water fountain. The Radisson RED brand will undergo a refreshing transformation in this region, evolving its signature loft-industrial aesthetic into a softer, resort inspired style. Both the architecture and interiors will embrace natural materials and muted tones, fostering a warm and contemporary ambiance with the relaxed coastal vibe of Marjan Island, the statement added.

Targeted at Millennial and Gen Z travelers seeking a unique, design-centric experience, this lifestyle hotel marks the inaugural franchised Radisson RED property in the UAE to feature the updated RED concept. Just a stone’s throw away from the shoreline, guests will enjoy exclusive private beach access. The hotel promises a fresh and vibrant hospitality experience, featuring contemporary guest rooms and suites designed with modern elements and amenities, all while staying true to the Radisson RED brand’s design-driven ethos, it continued.

The hotel will offer a diverse range of amenities, including four distinct dining venues: an all-day dining restaurant, a rooftop specialty restaurant, a lobby lounge bar, and a poolside bar. Guests will also have access to a fully equipped gym, an outdoor pool, a serene spa, and dedicated MICE (meetings, incentives, conferences, and exhibitions) facilities. This comprehensive setup positions the hotel as a prime destination for both relaxation and corporate events.

As the Lead Design Consultant, SSH is responsible for delivering both pre-contract and post-contract services. They will manage the project’s design from the pre-concept stage through to the construction stage. Additionally, they will provide construction supervision services during the execution phase.

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